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Segment Data | 12 Months Ended
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Jun. 30, 2016
Segment Reporting [Abstract] |
SEGMENT DATA | SEGMENT DATA The Company manages and reports its business in the following two segments: Industrial and Infrastructure. The Company's reportable operating segments have been determined in accordance with the Company's internal management structure, which is organized based on operating activities, the manner in which we organize segments for making operating decisions and assessing performance and the availability of separate financial results. We do not allocate certain corporate expenses related to executive retirement plans, the Company’s Board of Directors and strategic initiatives, as well as certain other costs and report them in Corporate. Neither of our two reportable operating segments represent the aggregation of two or more operating segments. Sales to a single customer did not aggregate 4 percent or more of total sales in 2016, 2015 and 2014. Export sales from U.S. operations to unaffiliated customers were $65.3 million, $71.0 million and $82.2 million in 2016, 2015 and 2014, respectively. INDUSTRIAL The Industrial segment generally serves customers that operate in industrial end markets such as transportation, general engineering, aerospace and defense. The customers in these end markets manufacture engines, airframes, automobiles, trucks, ships and various types of industrial equipment. The technology and customization requirements for customers we serve vary by customer, application and industry. The value we deliver to our Industrial segment customers centers on our application expertise and our diverse offering of products and services. INFRASTRUCTURE The Infrastructure segment generally serves customers that operate in the earthworks and energy sectors who support primary industries such as oil and gas, power generation, underground, surface and hard-rock mining, highway construction and road maintenance. Generally, we rely on customer intimacy to serve this segment. By gaining an in-depth understanding of our customers’ engineering and development needs, we are able to offer complete system solutions and high-performance capabilities to optimize and add value to their operations. Segment data is summarized as follows:
(in thousands) | 2016 |  | 2015 |  | 2014
Sales: |  |  |  |  |
Industrial | $ | 1,269,162 |  |  | $ | 1,461,744 |  |  | $ | 1,524,075 |
Infrastructure | 829,274 |  |  | 1,185,451 |  |  | 1,313,115 |
Total sales | $ | 2,098,436 |  |  | $ | 2,647,195 |  |  | $ | 2,837,190 |
Operating (loss) income: |  |  |  |  |
Industrial | $ | 81,243 |  |  | $ | 160,894 |  |  | $ | 177,040 |
Infrastructure | (246,306 | ) |  | (509,381 | ) |  | 94,940 |
Corporate | (9,880 | ) |  | (9,336 | ) |  | (8,548 | )
Total operating (loss) income | $ | (174,943 | ) |  | $ | (357,823 | ) |  | $ | 263,432 |
Interest expense | $ | 27,752 |  |  | $ | 31,466 |  |  | $ | 32,451 |
Other (income) expense, net | (4,124 | ) |  | (1,674 | ) |  | 2,172 |
(Loss) income before income taxes | $ | (198,571 | ) |  | $ | (387,615 | ) |  | $ | 228,809 |
Depreciation and amortization: |  |  |  |  |
Industrial | $ | 62,942 |  |  | $ | 64,188 |  |  | $ | 65,820 |
Infrastructure | 54,459 |  |  | 67,413 |  |  | 64,339 |
Corporate | 65 |  |  | 63 |  |  | 63 |
Total depreciation and amortization | $ | 117,466 |  |  | $ | 131,664 |  |  | $ | 130,222 |
Equity income: |  |  |  |  |
Industrial | $ | — |  |  | $ | — |  |  | $ | 34 |
Infrastructure | (10 | ) |  | 6 |  |  | 50 |
Total equity income | $ | (10 | ) |  | $ | 6 |  |  | $ | 84 |
Total assets: |  |  |  |  |
Industrial | $ | 1,215,226 |  |  | $ | 1,259,270 |  |  | $ | 1,449,688 |
Infrastructure | 849,447 |  |  | 1,279,608 |  |  | 1,986,724 |
Corporate | 304,120 |  |  | 310,651 |  |  | 431,674 |
Total assets | $ | 2,368,793 |  |  | $ | 2,849,529 |  |  | $ | 3,868,086 |
Capital expenditures: |  |  |  |  |
Industrial | $ | 80,560 |  |  | $ | 64,497 |  |  | $ | 71,628 |
Infrastructure | 30,137 |  |  | 36,442 |  |  | 45,748 |
Total capital expenditures | $ | 110,697 |  |  | $ | 100,939 |  |  | $ | 117,376 |
Investments in affiliated companies: |  |  |  |  |
Industrial | $ | — |  |  | $ | — |  |  | $ | — |
Infrastructure | 2 |  |  | 361 |  |  | 495 |
Total investments in affiliated companies | $ | 2 |  |  | $ | 361 |  |  | $ | 495 |
Geographic information for sales, based on country of origin, and assets is as follows:
(in thousands) | 2016 |  | 2015 |  | 2014
Sales: |  |  |  |  |
United States | $ | 897,399 |  |  | $ | 1,176,622 |  |  | $ | 1,198,541 |
Germany | 334,366 |  |  | 442,009 |  |  | 511,209 |
China | 210,124 |  |  | 246,953 |  |  | 248,212 |
India | 77,934 |  |  | 85,193 |  |  | 81,455 |
Italy | 69,821 |  |  | 85,530 |  |  | 107,511 |
France | 56,264 |  |  | 59,772 |  |  | 63,473 |
Canada | 55,812 |  |  | 73,912 |  |  | 78,163 |
United Kingdom | 50,723 |  |  | 70,600 |  |  | 105,041 |
Other | 345,993 |  |  | 406,604 |  |  | 443,585 |
Total sales | $ | 2,098,436 |  |  | $ | 2,647,195 |  |  | $ | 2,837,190 |
Total assets: |  |  |  |  |
United States | $ | 1,075,330 |  |  | $ | 1,338,594 |  |  | $ | 1,842,453 |
Germany | 327,679 |  |  | 394,491 |  |  | 538,661 |
China | 233,200 |  |  | 274,774 |  |  | 341,949 |
Switzerland | 189,498 |  |  | 194,139 |  |  | 264,928 |
India | 91,544 |  |  | 97,463 |  |  | 94,897 |
Canada | 57,174 |  |  | 60,492 |  |  | 133,481 |
Italy | 50,352 |  |  | 94,978 |  |  | 178,141 |
United Kingdom | 48,507 |  |  | 71,342 |  |  | 79,657 |
Other | 295,509 |  |  | 323,256 |  |  | 393,919 |
Total assets: | $ | 2,368,793 |  |  | $ | 2,849,529 |  |  | $ | 3,868,086 |
Approximate sales by end markets as a percentage of consolidated sales are as follows:
| 2016 |  | 2015 |  | 2014
End markets: |  |  |  |  |
General engineering | 38 | % |  | 36 | % |  | 31 | %
Transportation | 21 |  |  | 21 |  |  | 21 |
Energy | 17 |  |  | 19 |  |  | 23 |
Earthworks | 16 |  |  | 17 |  |  | 19 |
Aerospace and defense | 8 |  |  | 7 |  |  | 6 |
Total | 100 | % |  | 100 | % |  | 100 | %

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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